jochen: production at livewire is fine. we haven't seen any interruption there. we are expanding our network. we launched it first in california, texas, and new york and are expanding to other states and we are going global with europe next year and asia after. we are building our distribution network and the best dealers in the urban centers will be our partners going forward and we will make the necessary investment to the network. matt: we are showing the penn america right now. i don't know if anyone could have forecast the success, critical acclaim that this bike has gotten. typically, i would have thought you have to go bigger to be better, but you went down to a 1250. what is ahead for harley davidson? do we see a hybrid? what can we expect? jochen: today is really about livewire and setting up livewire as a separate brand. we believe right now, the time is for livewire to electrify the industry and there are growth opportunities. harley has opportunities ahead of it, you just mentioned the penn america, the number one touring bike in america, which is fan

joining us first on cnbc is harley-davidson ceo and chairman jochen zeitz great to have you on the showars after this deal closes of live wire as well live wire has been in the works at harley-davidson for about a decade why are we seeing this deal happen now and why are you doing it via spac? >> hi, morgan. well, it's a great opportunity this is a win/win for everybody involved we have great partners in the transaction and, of course, harley-davidson in the background that will help support for live wire to become the leading electric motorcycle brand in the world i've been involved in the process for ten years. i've actually been on the board and set up the sustainability committee for harley-davidson and pushing very hard to think long term and think electrification. after having been given the opportunity to become the ceo, i put that on the fast lane and electrification is part of the strategy and through live wire we can spare the electrification and that's why taking the final ultimate step to spin it off is just the logical thing to do now. >> yeah. you came on as ceo of harley-

ceo and chairman jochen zeitz will be ceo of live wire and he told me that livewire will benefit fromroduction and division of harley and kimco investing $100 million and that the tech will help benefit the core brand as well as harley undergoes a turn around plan. >> livewire will spearhead that technology and focus on the urban consumer and bringing the technology back into harley is key objective so therefore it is positive and why we have huge potential for the brand and company. this will be a key element to help us achieve the goals. >> the company forecast a ramp to $1.8 billion and also potentially profitability in 2026 shares are up right now about 5.5% and the spac impx up 3% on the news >> very interesting. evs always rage. thank you. >>> the dow jones industrial average lower by .6% s&p 500 down that same measure and the nasdaq composite is down about .9%. still ahead the top picks in chips. semis are pulling back but a number were named a top pk for 2022 the analyst behind the call will tell us the names to watch let's check out the top searched tickers on cnbc. tickers o